Quote:
Originally Posted by Kaveh
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The airlines have been failing and getting bailed out forever. Heard of Panam? They were basically a monopoly at one point and still couldn’t make air travel profitable after they made an acquisition mistake
Which is the point. Your ticket price means nothing. It isn’t a reflection of cost in the same way that you driving on a “free” government maintained road isn’t reflective of its cost
https://www.nytimes.com/2021/03/17/b...-pandemic.html
$18.6 billion in 2001, ~$50 billion during Covid. $300,000 cost per job saved with the recent bailout
Pretty expensive man! In 2021, the airline/air transport industry spent $108 million on lobbying. Glad to see it’s working
https://www.opensecrets.org/federal-...summary?id=M01 |
Interesting stuff here…I get your point now. What makes airlines so hard to turn a profit on? My guess is safety and government regulation don’t help.